Corporate Traders Face Crunch Top FX Recruiter Meyer Says
BANKS
The deteriorating condition of U.S. banks has prompted many foreign exchange managers to reassess their business strategies. Such scrutiny has resulted in less emphasis on the corporate desk and more in other areas like proprietary trading, says Olaf Meyer, president of the executive recruitment firm Olaf S. Meyer & Co. Ltd.
"Many of my clients are currently reviewing their sales effort," Meyer says. When foreign exchange managers have to increase or decrease staff, "it is almost certain, under
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